Texas-based public sector technology provider Tyler Technologies has acquired Sage Data Security.
Portland, Maine-based Sage Data Security is a cybersecurity company that supports the entire cybersecurity lifecycle, including program development, education and training, threat detection, technology testing, advisory services, and digital forensics. Sage currently delivers three primary offerings to approximately 240 clients in the healthcare, financial, retail, education, and government sectors.
Of specific interest to Tyler Tech is Sage’s nDiscovery managed threat detection service. In a statement, Tyler Tech president Lynn Moore said that nDiscovery will integrate well with Tyler’s existing public sector suite adding enhanced cybersecurity capabilities. Currently, Tyler’s ERP & School Division uses Sage’s services in its SaaS environment.
As part of the transaction, Sage will become part of Tyler’s ERP and schools division.
Sage will keep its brand, remain in Maine and continue to be led by company president Rick Simonds who will become an employee of Tyler.
“The acquisition of Sage enables Tyler to be as proactive as possible in offering data security expertise and services, as risks to data are becoming more prevalent across all industries, including the public sector,” Moore said.
Tyler has been on a bit of a buying spree. Last month, the company announced it had acquired Socrata, a provider of open data and data visualization tools for public sector. The $150 million deal will give Tyler users the ability to add a public transparency component to the reporting capabilities already available on the Tyler technology platform.